ASX has today announced the appointment of Lucinda McCann as Chief Compliance Officer, reporting directly to CEO Helen Lofthouse.
Ms McCann brings a wealth of experience to the role, including five years at the Australian Prudential Regulation Authority (APRA). At APRA, Ms McCann rose to the position of Chief General Counsel where she led the legal and enforcement group, supporting supervision of Australia’s banking, insurance and superannuation sectors.
Her prior roles at APRA included serving as Deputy General Counsel and General Manager, Legal. Ms McCann will join ASX from international law firm Norton Rose Fulbright, where she is a Partner in the corporate team.
Lucinda brings more than 25 years’ experience advising on financial services, corporate law, superannuation, banking and insurance regulation, including advising boards and executive teams on ASX Listing Rules, the Corporations Act and regulatory reforms.
ASX CEO Helen Lofthouse said: “I am delighted that Lucinda is joining ASX at a time when we have been deepening our focus and leadership on policy matters in support of the vibrant public listed market which is so important to Australia’s economy. I am looking forward to Lucinda bringing her strong leadership capabilities and experience to ASX as we continue to execute on our transformation strategy that includes strengthened customer focus and business resilience.
“Lucinda’s appointment will build on the strong track record of our ASX Compliance team who are tasked with the specialist role of monitoring and enforcing compliance by listed entities and issuers of investment products with ASX’s rules. I am confident she will further strengthen our efforts to uphold high standards of market conduct.”
Ms McCann succeeds former Chief Compliance Officer Daniel Moran who announced he was resigning from the role in July after a successful 15-year career at ASX.
This appointment follows ASX’s announcement in October that it would take ultimate responsibility for future editions of the ASX Corporate Governance Principles and Recommendations, supported by a newly established independent advisory group. Last week ASX confirmed the new advisory group would be chaired by former Reserve Bank of Australia Governor Philip Lowe. This new approach to Corporate Governance for the market forms part of a broader program of listings policy work underway at ASX and which also includes the launch of a consultation on proposed changes to the Listing Rules relating to shareholder approvals and dual-listed entities.
